Tag: Chief Timpre Sylva

Buhari Declares $50m Clean Energy Investments, 20m Cylinders Injection

ADEOLA YUSUF

Oil minister says NLNG key partner in Nigeria’s energy transition journey, declares 5th Nigeria International Energy Summit open   Nigeria has declared investment of $50 million for clean energy initiatives including the 20 million cylinders injection scheme. Platforms Africa reports that President Muhammadu Buhari represented by the Minister of state for Petroleum Resources, Timipre Sylva, said this while declaring the 5th Nigeria International Energy Summit (N.I.E.S) open at the Banquet hall of the State House, Abuja, Nigeria’s commercial capital. READ ALSO: BREAKING: No Achievement Record, No Fund Approval – Nigeria…

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Nigeria renews 20 year-Oil block’s lease for Shell, Others, mulls $780m

Efe Wellington

How NNPC inked five agreements including, Dispute Settlement Agreement, Settlement Agreement, Historical Gas Agreement, Escrow Agreement and Renewed PSC Agreement, for its Production Sharing Contract (PSC) partners – Shell, Total, Esso and Agip   The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners – Shell Nigeria Exploration and Production Company (SNEPCo), Total Exploration and Production Nigeria Limited (TEPNG), Esso Exploration and Production Nigeria Limited (EEPNL) and Nigerian Agip Exploration (NAE) – have executed agreements to renew Oil Mining Lease (OML) 118 for another 20 years. The…

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